Inflation has reared its ugly head and it has showed no signs of abating. Numerous independent financial analysts are predicting that it will soon be into the territory known as hyperinflation, that could be worse than that of the Great Depression. A Gold 401K (or IRA) can protect your assets to assure they retain their value, even if the dollar crumbles.
Both, the Individual Retirement Account (IRA) & the 401-K are programs to help you save for retirement if you live in the US. The 401-K is done through certain (not all) employers, while the IRA is something anyone can do on their own. What is good about this is you can have the monthly contributions taken directly from your paycheck.
Since you never touch the money, you don't have to worry about having spent it and not being able to put your monthly payment in. You can also set up direct deposits for your IRA.
Do not expect either one of these programs to automatically provide protection against inflation. The only way to do that is to set them up as precious metal accounts. This makes it possible to convert your cash into precious metal assets. When you have that accomplished, you can sleep better, because you will know that your accounts will never become worthless, the way they could if you kept them cash, or cash derivative based.
In Biblical times, one ounce of this precious metal would provide you with not only a very fine suit, but also a spiffy pair of shoes. Well, in today's times, you can get a really nice suit and pair of shoes for an ounce of this same commodity. It has stood the test of time, unlike fiat currency (paper money), which always becomes devalued until it goes out of existence. (As do the governments which issue them.)
One of the problems with the economy is that the government is spending much more than it takes in. One of the bad things that this leads to is the federal reserve banking consortium simply creates more money which directly devalues the money that you own. The signs of an impending crash are everywhere. Your best protection is a Gold 401K or gold IRA.
Both, the Individual Retirement Account (IRA) & the 401-K are programs to help you save for retirement if you live in the US. The 401-K is done through certain (not all) employers, while the IRA is something anyone can do on their own. What is good about this is you can have the monthly contributions taken directly from your paycheck.
Since you never touch the money, you don't have to worry about having spent it and not being able to put your monthly payment in. You can also set up direct deposits for your IRA.
Do not expect either one of these programs to automatically provide protection against inflation. The only way to do that is to set them up as precious metal accounts. This makes it possible to convert your cash into precious metal assets. When you have that accomplished, you can sleep better, because you will know that your accounts will never become worthless, the way they could if you kept them cash, or cash derivative based.
In Biblical times, one ounce of this precious metal would provide you with not only a very fine suit, but also a spiffy pair of shoes. Well, in today's times, you can get a really nice suit and pair of shoes for an ounce of this same commodity. It has stood the test of time, unlike fiat currency (paper money), which always becomes devalued until it goes out of existence. (As do the governments which issue them.)
One of the problems with the economy is that the government is spending much more than it takes in. One of the bad things that this leads to is the federal reserve banking consortium simply creates more money which directly devalues the money that you own. The signs of an impending crash are everywhere. Your best protection is a Gold 401K or gold IRA.
About the Author:
Silver IRA Specialists will walk you through the procees of setting up a Silver 401K account. Contact a Gold 401K Specialist today, toll free at 1-855-343-GOLD
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